Gate News reports that on March 12, the UK HM Revenue & Customs (HMRC) announced a market survey to procure blockchain forensic software and investigation support services to strengthen efforts against money laundering and tax fraud involving digital assets. The proposed contract is valued at approximately £3.42 million (about $4.6 million) and will last three years (April 1, 2027, to March 31, 2029), with the possibility of extension until March 2030. The procurement includes blockchain data queries, cross-chain transaction tracking, attribution analysis, risk scoring, and data visualization, covering 55 software licenses and 20 investigation support hours annually, along with investigator training. Colby Mangels, a former OECD advisor and head of global government solutions at Taxbit, stated that this move reflects the global emphasis on building digital asset compliance infrastructure. Investigations increasingly rely on cross-chain tracking, forensic analysis, and real-time blockchain data access, demonstrating the UK’s commitment to setting an example in crypto compliance and regulatory transparency.
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